Subaru of America is continuing its sponsorship strategy to connect with consumers who enjoy the outdoors. The automaker agreed Wednesday to be in a partnership with MESP as the presenting sponsor of the Merrell Down & Dirty National Mud Run Series, held annually in nine cities across the nation. Subaru is the official automobile partner […] [Read More]

The American International Automobile Dealers Association set the date for its annual International Auto Industry Summit in Washington, D.C., the time when it will also name the 2011 recipient of the Dealers Making an Impact Grassroots Advocacy Award. This year’s event themed “Engaged and in Gear,” is scheduled for May 25 and 26. AIADA indicated […] [Read More]

At the same time the automaker unveiled its “Global Vision,” to serve as the corporate outline for the future, Toyota Motor Co. revealed significant changes Wednesday to its executive structure charged with carrying out that vision. Effective April 1, Toyota chose to streamline its board of directors, reducing the amount down to 11 from 27. […] [Read More]

A Connecticut independent dealer who enjoys success moving CarMark Certified Pre-Owned models is scheduled to join three other remarketing industry executives for the next free Webinar orchestrated by the Pre-Owned Automobile Dealers Alliance. The upcoming session of Pre-Owned LIVE titled “Greater Pre-Owned Profits with Rising New Car Sales” is set to include Ken Champagne, who […] [Read More]

Pick a line on its financial statement — operating profit, revenue, worldwide deliveries — and Audi Group posted superlatives that helped the luxury automaker wrap up the 2010 fiscal year with record results. Company executives revealed Tuesday their 2010 operating profit spiked by 108.2 percent to 3.340 billion Euros, up from 1.604 billion Euros during […] [Read More]

Toyota holds its Global Vision conference today, where it is expected the automaker will delve into its future goals for worldwide operations, according to Edmunds.com. The site went on to share many of the strides Toyota has made this year — including especially robust February sales and a rosier outlook for the company’s operating profits […] [Read More]

Group 1 Automotive broadened its dealership footprint in the Dallas market this week. Executives revealed the dealership group has acquired Metro Volkswagen in Irving, Texas. The company said the dealership will augment Group 1’s four existing dealerships in the Dallas-metro area. The rooftop is expected to generate approximately $25 million in estimated annual revenues. “Volkswagen […] [Read More]

During February the industry’s certified pre-owned sales continued the momentum from the solid start to 2011 and posted double-digit year-over-year gains. February, of course, also was a month where fuel costs surged and a few automakers offered their perspectives to shed some light on how the CPO market is faring during this gas-price surge. [Read More]

The National Highway Traffic Safety Administration shared details about Toyota and Chrysler recalling more than 42,000 U.S. vehicles combined in separate cases. Starting with Toyota’s recall, NHTSA indicated that the automaker is recalling five different vehicles from the 2008 through 2011 models years to address the tire pressure monitoring and regulating systems. The specific models […] [Read More]

Mitsubishi Motors Corp. revealed late last week the new president and chief executive officer of Mitsubishi Motors North America replacing Shinichi Kurihara, who is returning to the automaker’s base operations in Japan. Taking his place at the helm of MMNA will be Yoichi Yokozawa, who became MMNA’s senior executive vice president in June. This move […] [Read More]